Taiwan Clarifies Requirement for Foreign Taxpayers to File a Separate Return for House and Land Transaction Income

Taiwan's Ministry of Finance has issued a notice on the requirement for foreign taxpayers to file a separate return for house and land transaction income.

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Foreign taxpayers shall file tax return for house and land transaction income.

Beigang Office, National Taxation Bureau of the Central Area, Ministry of Finance indicated that, from January 1, 2016, income derived from house and land transactions should be filed separately, and not be consolidated with the gross consolidated income…